Chewy $CHWY Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC trimmed its holdings in Chewy (NYSE:CHWY) by 13.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,339 shares of the company’s stock after selling 2,300 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Chewy were worth $592,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CHWY. Aigen Investment Management LP purchased a new position in Chewy during the first quarter worth about $791,000. Jefferies Financial Group Inc. acquired a new stake in Chewy during the first quarter worth approximately $3,251,000. D.A. Davidson & CO. increased its holdings in shares of Chewy by 38.7% in the 1st quarter. D.A. Davidson & CO. now owns 43,725 shares of the company’s stock valued at $1,422,000 after acquiring an additional 12,206 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Chewy by 74.5% in the 1st quarter. Victory Capital Management Inc. now owns 139,889 shares of the company’s stock valued at $4,548,000 after acquiring an additional 59,711 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Chewy in the 1st quarter valued at $11,326,000. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CHWY shares. Barclays lowered their price objective on shares of Chewy from $50.00 to $47.00 and set an “overweight” rating on the stock in a research report on Thursday, September 11th. Citizens Jmp raised shares of Chewy to a “strong-buy” rating in a research note on Thursday, July 10th. TD Cowen cut their price objective on shares of Chewy from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Wedbush reiterated an “outperform” rating and set a $45.00 price objective on shares of Chewy in a report on Thursday, September 11th. Finally, Royal Bank Of Canada dropped their target price on shares of Chewy from $44.00 to $43.00 and set an “outperform” rating for the company in a research report on Thursday, September 11th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Chewy presently has a consensus rating of “Moderate Buy” and an average target price of $45.84.

Insider Activity at Chewy

In related news, CEO Sumit Singh sold 4,264 shares of Chewy stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $35.57, for a total transaction of $151,670.48. Following the sale, the chief executive officer directly owned 72,549 shares in the company, valued at $2,580,567.93. The trade was a 5.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Satish Mehta sold 8,727 shares of Chewy stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $35.82, for a total value of $312,601.14. Following the transaction, the chief technology officer directly owned 276,467 shares in the company, valued at approximately $9,903,047.94. The trade was a 3.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 68,657 shares of company stock worth $2,444,311 over the last ninety days. 0.43% of the stock is currently owned by corporate insiders.

Chewy Price Performance

Shares of CHWY opened at $37.55 on Friday. The stock has a market capitalization of $15.58 billion, a PE ratio of 107.30, a price-to-earnings-growth ratio of 9.32 and a beta of 1.62. Chewy has a 12-month low of $26.28 and a 12-month high of $48.62. The business’s fifty day moving average price is $38.54 and its 200 day moving average price is $38.79.

Chewy (NYSE:CHWY) last posted its earnings results on Wednesday, September 10th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.19). The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.08 billion. Chewy had a net margin of 1.22% and a return on equity of 50.45%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 earnings per share. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. As a group, research analysts anticipate that Chewy will post 0.24 earnings per share for the current fiscal year.

Chewy Company Profile

Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. It provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services for dogs, cats, fish, birds, small pets, horses, and reptiles through its retail websites and mobile applications.